Easy2Parts

About Easy2Parts

Easy2Parts GmbH is a German company that operates a web-based, AI-powered procurement and spend analytics platform under the brand name PartSpace. Founded in 2018 and incorporated in 2019, the company is headquartered in Deggendorf. The founding team includes Robert Hilmer (CEO), Sebastian Freund (CFO), and Michael Neuhauser (CTO), who created the platform based on their firsthand experience with inefficient procurement processes in engineering.

The company's core business revolves around a SaaS platform that analyzes 2D drawings and 3D CAD models to help manufacturing companies categorize the sourcing of custom parts. This technology bridges the gap between engineering design and procurement by extracting technical data, clustering similar components, and connecting this information to purchasing workflows. The platform, called PartSpace AI, uses artificial intelligence to read technical drawings, analyze 3D models, and link this data with clients' ERP and PLM systems. This allows procurement teams and cost engineers to automate RFQs, benchmark suppliers, perform should-costing, and identify potential cost savings. The AI does not rely on static rules but learns from customer data to classify parts and predict costs. The platform is designed for a variety of industries, including machinery, automotive, aerospace, and medical devices.

Easy2Parts operates with a B2B business model, generating revenue through its SaaS subscriptions. In addition to its data analytics application, PartSpace, the Easy2Parts business unit also serves as a system supplier for drawing-based B- and C-components, managing a marketplace of suppliers in areas like milling, turning, and 3D printing. The company received a Seed funding round on September 16, 2020, led by Bayern Kapital and a consortium of business angels.